| Period | Ray's Portfolio | S&P 500 | Difference |
|---|---|---|---|
| 1999 | 75.6% | 20.4% | 55.2% |
| 2000 | 1.0% | -9.8% | 10.6% |
| 2001 | 10.2% | -12.1% | 22.3% |
| 2002 | 0.0% | -21.6% | 21.6% |
| 2003 | 39.1% | 28.2% | 10.9% |
| 2004 | 20.7% | 10.7% | 10.0% |
| 2005 | 21.7% | 4.8% | 16.9% |
| 2006 | 20.2% | 15.2% | 5.0% |
| 2007 | 3.8% | 5.1% | -1.3% |
| 2008 | -37.9% | -36.8% | -1.1% |
| 2009 | 20.3% | 26.3% | -6% |
| 2010 | 7.7% | 14.6% | -6.9% |
| Cumulative Total Return | 300.6% | 23.5% | 277.1% |
| Annualized for 12 years Ended 12/31/10 |
12.3% | 1.8% | 10.5% |